Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Why employee wellbeing isn’t a workplace fad

In today’s society, employee wellbeing and mental health are becoming increasingly important subjects. Many employees now expect wellbeing to be a top priority for their employer. In fact, focusing on staff health and happiness can be key to retaining your workforce.

But what exactly is employee wellbeing? And is it really as important as it’s made out to be? Let’s find out...

What is employee wellbeing?

A focus on employee wellbeing means striving to ensure that your staff remain happy and motivated at work. This covers both physical and mental wellbeing, and can be supported by a variety of different methods such as office design, wellbeing initiatives and your company culture.

For any business, employee health and wellbeing is a vital element of success. Putting your people first helps to inspire productivity and loyalty.

Mental health is impacting the workforce

A government review reported by The Guardian found that up to 300,000 people in the UK lose their jobs every year due to mental health-related issues. Not only is this costing the economy an estimated £99 billion a year, it also means that the workforce is shrinking.

As an employer, you have a duty of care to your staff, which includes their mental wellbeing as well as their physical health and safety. To counter this trend, employee wellbeing programs are becoming a key focus for many employers.

Wellbeing is working

In 2017, 45% of UK businesses had implemented their own structured employee wellbeing strategies. For many employers, implementing employee wellbeing solutions has not only been a moral imperative, but provided them with other benefits too.

Wellbeing programs often lead to an increase in production amongst employees, as well as a boost in staff morale. Focusing on your employees’ wellbeing will set a positive work environment too, and boost staff engagement. It’s because of such benefits that spending on wellbeing is expected to quickly rise amongst businesses.

A shift in focus

When employee wellbeing programmes first came on to the corporate scene, the primary focus was on physical health such as weight loss. However, employee wellbeing programs are now growing to support both physical and mental health issues.

But that’s not the only shift in focus. Wellbeing programs are also beginning to include career development efforts as well as traditional wellbeing initiatives. This combination of wellness and career development is helping to create supportive and positive work environments for employees, and lets them know their employers do care for their staff.

A more personalised approach

As employee wellbeing continues to grow, it’s becoming more apparent that there is no “one-size-fits-all” solution to wellness. Every employee has different health issues that they view as important, and what works for one might not work for another, so their treatment needs to be unique.

That’s where personalised wellbeing experiences come into play. To create more personalised experiences for their employees, more businesses are beginning to use digital platforms for the wellness programs. For example, providers such as Lifeworks offer a unified total wellbeing platform that is proactive and personalised, based on your employees’ individual needs. In turn, this personalisation boosts employee participation with wellbeing initiatives.

Copyright 2019. Featured post made possible by Edwin Owusu-Peprah of LifeWorks.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.